Procore Technologies Inc (NYSE: PCOR) has seen a decline in its stock price by -1.12 in relation to its previous close of 58.13. However, the company has experienced a 7.98% gain in its stock price over the last five trading sessions. fool.com reported 2024-09-07 that Taiwan Semiconductor will be a huge beneficiary from AI proliferation. Meta shares are fairly cheap now given the company’s performance.
Is It Worth Investing in Procore Technologies Inc (NYSE: PCOR) Right Now?
The 36-month beta value for PCOR is also noteworthy at 0.73. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PCOR is 134.75M, and at present, short sellers hold a 8.07% of that float. The average trading volume of PCOR on September 18, 2024 was 1.97M shares.
PCOR’s Market Performance
PCOR stock saw a decrease of 7.98% in the past week, with a monthly decline of -0.09% and a quarterly a decrease of -9.11%. The volatility ratio for the week is 3.10%, and the volatility levels for the last 30 days are 3.15% for Procore Technologies Inc (PCOR). The simple moving average for the last 20 days is -0.59% for PCOR stock, with a simple moving average of -15.71% for the last 200 days.
Analysts’ Opinion of PCOR
Many brokerage firms have already submitted their reports for PCOR stocks, with DA Davidson repeating the rating for PCOR by listing it as a “Neutral.” The predicted price for PCOR in the upcoming period, according to DA Davidson is $60 based on the research report published on August 02, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see PCOR reach a price target of $54, previously predicting the price at $78. The rating they have provided for PCOR stocks is “Equal Weight” according to the report published on August 02nd, 2024.
Macquarie gave a rating of “Neutral” to PCOR, setting the target price at $70 in the report published on June 05th of the current year.
PCOR Trading at -5.96% from the 50-Day Moving Average
After a stumble in the market that brought PCOR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.04% of loss for the given period.
Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares sank -4.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.64% lower at present.
During the last 5 trading sessions, PCOR rose by +7.98%, which changed the moving average for the period of 200-days by -3.43% in comparison to the 20-day moving average, which settled at $57.69. In addition, Procore Technologies Inc saw -16.96% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PCOR starting from Kevin J O’Connor, who proposed sale 65,382 shares at the price of $57.48 back on Sep 17 ’24. After this action, Kevin J O’Connor now owns shares of Procore Technologies Inc, valued at $3,758,157 using the latest closing price.
Courtemanche Craig F. Jr., the CEO & President of Procore Technologies Inc, sale 22,993 shares at $59.14 during a trade that took place back on Aug 22 ’24, which means that Courtemanche Craig F. Jr. is holding 793,123 shares at $1,359,806 based on the most recent closing price.
Stock Fundamentals for PCOR
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.81 for the gross margin
The net margin for Procore Technologies Inc stands at -0.09. The total capital return value is set at -0.09. Equity return is now at value -7.64, with -4.91 for asset returns.
Based on Procore Technologies Inc (PCOR), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 2.7. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -60.72.
Currently, EBITDA for the company is -139.81 million with net debt to EBITDA at 10.83. When we switch over and look at the enterprise to sales, we see a ratio of 7.73. The receivables turnover for the company is 5.55for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
In summary, Procore Technologies Inc (PCOR) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
